Category Archives: Export Controls and Sanctions

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The paper caper: U.S. persons cannot help foreign subsidiaries or affiliates with sanctioned country transactions

This post was written by Robert Slack and Lee Baumgardner and originally posted on Kelley Drye’s Trade and Manufacturing Monitor Blog. A recent settlement agreement between the Office of Foreign Asset Control (OFAC) and BD White Birch Investment LLC, a U.S.-based paper company, is an important reminder that U.S. companies cannot assist their foreign subsidiaries … Continue Reading

U.S. Targets Chinese and Russians for North Korea Dealings

This post was written by Robert Slack and originally posted on Kelley Drye’s Trade and Manufacturing Monitor Blog. The Office of Foreign Assets Control (OFAC) designated 16 parties as Specially Designated Nationals (SDNs) today, effectively seizing their assets in the United States, blocking them from doing business with U.S. parties, and denying them access to … Continue Reading
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